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Trump tariffs have the US at risk of a stagflationary recession it will be ill-equipped to fight, economist says

  • Economist Adam Posen warns of a high chance of the US falling into a recession with rising inflation.
  • Posen believes the Federal Reserve is ill-prepared to handle higher prices as interest rates are already 'too loose.'
  • He argues that President Trump's fiscal policy will not revive the economy.
  • According to Posen, there is a risk of stagflation, resulting in both inflation and sluggish growth.

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